Days from launch, Fed officials eye ‘Main Street’ program expansion

© Reuters. FILE PHOTO: Jerome Powell testifies before the House Financial Services Committee in Washington By Jonnelle Marte (Reuters) – Federal Reserve Chair Jerome Powell on Friday said central bank officials are open to expanding the Main Street Lending Program, which is days away from issuing its first loans, to businesses that may not currently […]

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Powell Says Fed Crossed Red Lines When Virus Demanded Action

© Reuters. Powell Says Fed Crossed Red Lines When Virus Demanded Action (Bloomberg) — Federal Reserve Chairman Jerome Powell defended aggressive action to shield the economy as the coronavirus pandemic took hold and said the central bank was “days” away from launching its Main Street Lending Program. “We crossed a lot of red lines that […]

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Fed’s Powell to appear on CBS’ ’60 Minutes’ on Sunday: CBS

WASHINGTON (Reuters) – U.S. Federal Reserve Chair Jerome Powell will appear on CBS’ “60 Minutes” news show on Sunday at 7 p.m., the network said on Friday, his second broadcast television interview since the outbreak of the coronavirus pandemic prompted the Fed into a series of emergency moves to stabilize the economy. Powell in a […]

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Stocks tumble after Fed Chair Powell warns coronavirus could scar economy

US stocks tumbled Wednesday as Federal Reserve boss Jerome Powell warned the coronavirus could leave the economy with lasting scars. The Dow Jones industrial average fell as much as 292.48 points, or 1.2 percent, to 23,472.30 in early trading after Powell said the pandemic poses “significant downside risks” to the nation’s economic recovery. The S&P […]

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Powell warns of a possible sustained recession from pandemic

Federal Reserve Chair Jerome Powell said the threat of a prolonged recession remains and urged Congress and the White House to act further to prevent long-term economic damage from the viral outbreak By CHRISTOPHER RUGABER AP Economics Writer May 13, 2020, 1:03 PM 2 min read 2 min read WASHINGTON — Federal Reserve Chair Jerome […]

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Fed’s Powell to Address Dire Outlook, Need for Stronger Support

© Reuters. Fed’s Powell to Address Dire Outlook, Need for Stronger Support (Bloomberg) — Jerome Powell and his Federal Reserve colleagues are staring down the possibility of mass bankruptcies and long-lasting unemployment unless there’s a more concerted government effort to shield the U.S. economy from the impact of the coronavirus pandemic. That’s the context in […]

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Fed to augment bank stress tests with pandemic-focused ‘analyses’ of bank finances

© Reuters. FILE PHOTO: Jerome Powell holds a news conference in Washington By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve plans to build on the upcoming round of bank stress tests by conducting additional “sensitivity analyses” that reflect the ongoing pandemic-driven turmoil. The central bank said in a report issued Friday that it plans […]

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Seton Hall lands ‘stud’ transfer Bryce Aiken to ease Myles Powell hurt

The day was Sept. 19, 2015. Myles Powell committed to Seton Hall during an official visit and would later become one of the program’s all-time greats. That same day, his close friend, Bryce Aiken, was on campus, too. Aiken didn’t pull the trigger like Powell, though, and committed to Harvard three weeks later. Four-and-a-half years […]

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Fed Chair Powell spoke with Trump as central bank geared up for virus response

(Reuters) – Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a transitory effect on the U.S. economy. […]

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‘Siren’s Eline Powell Teases Ryn’s ‘Challenge’ With Motherhood & A ‘Ripple Effect’ Of Ben’s Decision

‘Siren’ is back for another thrilling season. HL spoke EXCLUSIVELY with Eline Powell about Ryn’s motherhood journey in season 3, Ben’s big decision, and more. There’s a Siren baby on the way! Ryn will be welcoming her baby via surrogate in the third season of the Freeform series and she is going to face motherhood […]

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Fed chair Jerome Powell says ‘we may well be in a recession’

Federal Reserve Chairman Jerome Powell said Thursday the country could already be in a recession, but that it was unlike a typical downturn because the economy was so strong before the coronavirus pandemic sent the markets into a tailspin and unemployment soaring. “We may well be in a recession. But I would point to the […]

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Fed chair Powell says will provide nearly unlimited lending

Jerome Powell says the Federal Reserve would provide essentially unlimited lending to support the economy as long as it is damaged by the viral outbreak By CHRISTOPHER RUGABER AP Economics Writer March 26, 2020, 11:51 AM 1 min read WASHINGTON — Jerome Powell says the Federal Reserve would provide essentially unlimited lending to support the […]

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Chandler Powell: 5 Things To Know About Bindi Irwin’s Husband

Bindi Irwin married her longtime love, Chandler Powell, on March 25, but this pair’s relationship dates back MANY years. Here’s more to know about Chandler! Bindi Irwin and Chandler Powell had something exciting to celebrate amidst the coronavirus pandemic — their wedding! After planning their nuptials for nearly a year (the two got engaged in July […]

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Fed to buy government debt as needed to help economy

Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the […]

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The Fed’s Message: The Money-Printing Presses Are Fired Up and Ready to Go

ImageJerome Powell, the Fed chair, at a news conference early this month.Credit…Eric Baradat/Agence France-Presse — Getty Images The extraordinary actions of the Federal Reserve on Monday morning can be boiled down to two sentences: There is a rapidly developing shortage of dollars across the economy. And the Fed will do anything it needs to, on […]

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‘RHOA’ Star Cynthia Bailey’s Daughter Noelle, 20, Takes Romance With New GF Public — Watch

Noelle Robinson is ‘in love’ with her new girlfriend, YouTuber Alexis Powell! The new couple has even starred in multiple YouTube videos together. Cynthia Bailey’s daughter Noelle Robinson, 20, is happily showing off her new girlfriend to the world: YouTuber Alexis Powell! She made her official debut on Noelle’s Instagram page on March 19, when […]

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Seton Hall’s Myles Powell named first team All-American

Even without the NCAA Tournament, Myles Powell made history in March. The Associated Press announced Friday that Seton Hall’s star senior was named to its All-America First Team, becoming the first Pirate since 1953 (Walter Dukes) to earn the honor. Powell previously was named Seton Hall’s first Big East Player of the Year since 1993 […]

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Myles Powell’s March Madness regret: ‘Would’ve made the Final Four’

Four days later, Myles Powell was still grappling with the reality that his college career was over without one last chance at a memorable March. “I went to sleep Wednesday night and college basketball was over [the next day],” he said. “It was time for the real world.” The coronavirus pandemic canceled the postseason, eliminating […]

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Trump tried to pressure Fed Chair Powell on coronavirus response: Washington Post

Trump tried to pressure Fed Chair Powell on coronavirus response: Washington Post SAN FRANCISCO (Reuters) – President Donald Trump this week tried to get Treasury Secretary Steven Mnuchin to push Federal Reserve Chair Jerome Powell to do more to boost the economy and stem the stock market’s decline, the Washington Post reported on Wednesday. The […]

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Myles Powell could get more hardware after being named to Big East first team

As expected, Myles Powell was a unanimous selection to the Big East first team by the league’s coaches for the second straight season. Now, the high-scoring Seton Hall senior from Trenton will have to wait until Wednesday to find out if he will join Terry Dehere (1992-93) and Dan Callandrillo (1981-82) as the only Pirates […]

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Myles Powell, Markus Howard bring rare experience to Big East tourney

“You’re welcome.” That is what Donny Marshall thinks Myles Powell and Markus Howard should say next week as they ready to play the final Big East games of their illustrious careers when the Big East Tournament tips off at Madison Square Garden. The two senior guards, Powell from Seton Hall and Howard from Marquette, are […]

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